Banking & Finance

NCB holds 2016 AGM

Released at: 16:27, 28/04/2016

2015 results released and targets for 2016 set.

by Hung Nguyen

The National Citizen Bank (NCB) has just held its 2016 Annual General Meeting (AGM).

The Board of Management released the bank’s targets for 2016, including after-tax profit of VND171 billion ($7.67 million), total assets increasing to VND61 trillion ($2.73 trillion), and non-performing loans to be managed at under 3 per cent.

In 2015 the bank saw positive growth in capital mobilization, with valuable papers issued increasing 34 per cent against 2014 and reaching 108 per cent of the annual target. Total customer credit, deposit and lending to other financial institution increased 14 per cent and reached 111 per cent of the target. After-tax profit was VND111 billion ($4.97 million), an increase of 88 per cent to 2014, and non-performing loans were managed at under 2.15 per cent. Revenue from services fees and guarantees increased 129 per cent against 2014.